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Search Results 0 to 49 of about 92 (some duplicates have been removed)
. >> reporter: erika miller, "n.b.r.," new york. >> susie: our market guest tonight expects stocks to do well in 2013. he's sam stovall, chief equity strategist at s&p capital i.q. you heard about them talking about the deal and negotiations. does that change your forecast for 2013. >> well susie it confirms that s congress could teach space shake something about drama. >> the head winds have been wit. there is nothing new added to the equation it's just when wil the congress get it's act together. and our belief is if they don't pass something tomorrow they will early in the new year. >> you have been predicting thsw year. barring anymore drama for the fiscal cliff what is going to drive stocks higher. >> most global economies willhat quarter by 2 2012 and much of 23 will be a recovery year. also in the u.s. we are looking for 2-point 2% growth and expanding in 2014. and in an in an earnings perspee we saw the trough early this year and going into 2013 see a nine and a half percent increase in u.s. earnings for the s & p 500. >> that is encouraging becausetl up when they all come out for th
. an historic sale here on wall street-- the new york stock exchange, home to the world's greatest companies, agrees to a takeover by the intercontinental exchange. >> tom: good evening. i'm tom hudson. former republican senator judd gregg joins us as the u.s. house prepares to vote on the republican plan "b" for avoiding the fiscal cliff. >> susie: and investors gobble up shares of blackberry maker research in motion as the smart phone maker posts better than expected quarterly results. >> tom: that and more tonight on nbr! >> susie: here at the new york stock exchange, the big trade of the day was the big board itself. the n.y.s.e.-euronext has agreed to sell itself to the intercontinental exchange, an acquisition that would reshape wall street. it's an $8.2 billion deal that values the n.y.s.e. at $33 a share, a 38% premium to wednesday's close. so what are the implications of an upstart exchange buying the venerable big board? erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independ
board? erika miller reports. >> reporter: the new york stock exchange has been the symbol of capitalism for nearly two centuries, but now it wants to give up its independence and be bought by a little-known rival in atlanta. the intercontinental exchange, or "ice" for short, was started 12 years ago as an energy trading platform. since then, the exchange has evolved into an internet-based marketplace trading futures, options, and derivatives. the reason it wants to buy the n.y.s.e. is not the plain vanilla stock trading business. the jewel in the deal is a division called "liffe," a leading futures and options exchange. it's based in london and drives over 40% of n.y.s.e. profits. >> it has a business that deals, for instance, in financial derivatives. these are derivatives contracts tied to financial products like interest rates, and ice has been wanting to expand in that direction for a while. >> reporter: as for the n.y.s.e., it's no secret that this year has been a tough one for the stock trading business. in addition, fewer companies are going public, so the i.p.o. market has dried
on the fiscal cliff in janaury. suzanne pratt, "n.b.r.," new york. >> susie: from grandma's cookies to holiday gifts for the little ones, still ahead we're riding along with u.p.s. as the shipping giant kicks off its busiest week of the year. >> tom: two mildly encouraging words were used by a group of economists to describe what next year may bring: stable and moderate. that's the 2013 outlook from the national association of business economics. the organization figures the u.s. economy will grow 2.1%, driven by housing and construction, but with corporate profit growth slowing down. nayantara hensel is the chairman of the national association for business economics. not bad, moderate, stable but certainly not robust here s it? >> no, that's absolutely right, tom. basically again we're forecasting annual average real gdp growth at 2.1% but the goodews is we expect it to accelerate during the course of the year, perhaps reach being 3% by the fourth quarter of 2014. >> tom: what is going to add to that growth considering, is it being held back in the first six months because of the uncertainty
. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making captain investments. i see that particularly in the building side. from m stdpoit, i continue to invest around the world. i'll invest to make sure i'm buying the strategies we laid up for the next three ye
pratt, nbr, new york. >> susie: when it comes to new claims for jobless benefits, the effects of super storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies annnced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit
, if the economy picks up sharply, riskier assets could become more attractive. erika miller, "n.b.r.," new york. >> susie: more signs today that housing demand is picking up: the number of contracts signed to buy homes rose in november, to its best level in more than two years. the national association of realtors index of pending sales rose almost 10% last month. so will the housing market continue to recover in the new year? that's what tom hudson asked toll brothers chief financial officer marty connor. >> the housing market willcontig as done consumer confidence maintains or improfls. and a lot of that will be contingent on resolution of the fiscal cliff and the government and the economy. >> a lot of ways to measure thet but the most direct way for momentum home buyers and sellers is prices. do you expect that trajectory to continue? >> i do.we have raised prices ia little more than half of our communities. it's been relatively modest. but as we observe and we read stats, we are getting a lit lite more confident and may push prices a bit more in 2013. >> what are you finding in termg mater
in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. that number blows away the initial estimate of 1.9%. erika miller takes a closer look at how technology is helping to boost safety and productivity. >> reporter: three years ago, this long island hospital had a problem: healthcare workers weren't cleaning their hands as often as required. >> 100,000 people die each year in the united states from hospital acquired infections. that's more than the number of people who die from breast cancer and from auto accidents. it's a huge problem, one that we want to make a dent in. >> repor
better than its historical average. suzanne pratt, nbr, new york. >> tom: fast food diners dig in to mcdonald's cheddar bacon onion burger in november. still ahead, an update on much stronger sales at the golden arches. >> susie: christmas is still 15 days away, but fedex predicts today will be its busiest shipping day ever, over 19 million packages. that's more than double the company's typical daily volume, and a 10% jump from last year. today is also known as "green monday," and it kicks off one of the best weeks of the year for online retailers. erika miller reports. >> reporter: if you're wondering why today is called "green monday," its because of all the green changing hands. many of the sales are now online, so stores offer deep discounts to lure shoppers to their sites. the term "green monday" was created by ebay in 2007. it refers to the second monday in december, which is typically that site's biggest sales day of the year. overall, the season appears to be off to a strong start for merchants. >> i think they planned their inventory wisely. i think they planned their markdown
miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers bal
will be the robin hood foundation. the organization provides funds to about 200 non-profits in the new york area which work directly with sandy relief. bob ottenhoff is the president and c.e.o. of the center for disaster philanthropy. >> most giving to disasters occurs in the first month, but as we now know with sandy the challenges to relief to disasters go on for a long period of time. so we're still going to need lots of charitable contributions for the recovery and rebuilding period. >> reporter: the red cross has already raised $188 million for sandy relief and expects to use more than half of that by the end of the month. but with every disaster, there are always some bad actors. new york state has been at the forefront of holding non-profits accountable. the state attorney general has asked more than 75 charities to show where their sandy relief donations are going. >> these scammers tend to take advantage of people in emotional situatns, when they're very concerd about things le disaster relief, and will respond to an ad or an email without really taking the extra step of checking. >> re
within five years. erika miller, "n.b.r.," new york. >> susie: using your phone for shopping, is just one of the ways you will use your cell phone in the coming year. as processing power gets bigger and the physical size gets smaller, companies are using that mobile technology to make products you use every day smarter as well. as ruben ramirez reports, those are two of the top tech trends we'll see in 2013. >> reporter: people use smartphones to play games, watch movies and keep up with social media, but for many the mobile phone will become a bigger part of their lives in the coming year. trendwatchers call it the mobile fingerprint or a smartphone as unique as your fingerprint. no need to type in passwords, your phone tells your computer its you, and then locks the screen when you step away. on the health front there's technology to let a smartphone help diabetics measure their glucose levels. and with retailers, going mobile means more than processing payments. >> we do something very specific which is not just focus on the mechanics of payments but the experience around it. everythin
it meets next week. erika miller, "n.b.r.," new york. >> tom: with the fiscal cliff about three weeks away, washington hasn't made much progress to avoid it. that was the assessment from one of those directly involved: house speaker john boehner. the top republican today accused president obama of, "slow walking", the economy to the edge of the cliff. he repeated his call for the president to send congress a plan that can pass both houses of congress. tax rates are the major sticking point. the president wants to raise them for america's highest earners, house republicans strongly oppose: >> instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the e
Search Results 0 to 49 of about 92 (some duplicates have been removed)